Mccormick Family Foundation
- Assets
- $210.0
- Revenue
- $532.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 30-0166827
Organization Overview
Mccormick Family Foundation is located in Wilmington, DE. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccormick Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Mccormick Family Foundation generated $532.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $615.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mccormick Family Foundation has awarded 215 individual grants totaling $2,607,607. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry A Hartman Executive Dir Exective Director | 8 | $22,500 | |
Susan Rodrigo Admin Service | 8 | $5,000 | |
M And T Bank Trustee | 0 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $530,800 |
| Interest on Savings | $1,103 |
| Dividends & Interest | $54 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $531,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,645 |
| Total operating and administrative expenses | $33,645 |
| Contributions, gifts, grants paid | $582,200 |
| Total expenses and disbursements | $615,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $210 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $210 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mccormick Family Foundation has awarded $582,200 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
PERRY COUNTY COUNCIL OF PURPOSE: GENERAL | $6,000 |
AMERICAN RED CROSS OF THE PURPOSE: GENERAL | $10,000 |
PENNSYLVANIA FRIENDS OF AGRICULTURE PURPOSE: EDUCATIONAL | $5,000 |
BOYS AND GIRLS CLUB OF CENTRAL PA PURPOSE: EDUCATIONAL | $5,000 |
UNITED WAY OF THE CAPITAL REGION PURPOSE: EDUCATIONAL | $50,000 |
LEBANON VALLEY COLLEGE PURPOSE: FOR THE SUZANNE H ARNOLD | $3,000 |